Nuance Investments LLC Sells 17,404 Shares of SJW Group (NYSE:SJW)

Nuance Investments LLC cut its position in SJW Group (NYSE:SJW - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,120,189 shares of the utilities provider's stock after selling 17,404 shares during the quarter. SJW Group comprises approximately 1.7% of Nuance Investments LLC's holdings, making the stock its 21st biggest position. Nuance Investments LLC owned approximately 3.51% of SJW Group worth $73,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of SJW Group by 130.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,206 shares of the utilities provider's stock worth $193,000 after acquiring an additional 1,814 shares in the last quarter. TIAA Trust National Association acquired a new position in SJW Group during the 3rd quarter valued at about $246,000. IFM Investors Pty Ltd grew its holdings in SJW Group by 11.8% during the third quarter. IFM Investors Pty Ltd now owns 4,253 shares of the utilities provider's stock worth $256,000 after buying an additional 449 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of SJW Group during the third quarter valued at about $292,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SJW Group by 26.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,286 shares of the utilities provider's stock worth $318,000 after buying an additional 1,090 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SJW has been the subject of several recent research reports. StockNews.com raised SJW Group from a "sell" rating to a "hold" rating in a report on Friday, April 26th. Wells Fargo & Company raised their price target on SJW Group from $61.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Finally, Seaport Res Ptn raised shares of SJW Group from a "neutral" rating to a "buy" rating in a report on Monday, February 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $66.00.

Insider Buying and Selling at SJW Group

In other news, insider Craig J. Patla sold 1,400 shares of SJW Group stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $55.62, for a total value of $77,868.00. Following the transaction, the insider now directly owns 3,300 shares in the company, valued at approximately $183,546. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

SJW Group Stock Performance

SJW stock traded up $0.39 during midday trading on Friday, reaching $57.56. 93,920 shares of the company's stock traded hands, compared to its average volume of 208,148. The stock has a market cap of $1.86 billion, a P/E ratio of 21.64, a PEG ratio of 2.79 and a beta of 0.58. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.25. The stock's 50-day moving average is $55.46 and its 200 day moving average is $60.31. SJW Group has a 52-week low of $51.37 and a 52-week high of $77.25.

SJW Group (NYSE:SJW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). SJW Group had a return on equity of 6.98% and a net margin of 12.48%. The company had revenue of $171.34 million during the quarter, compared to analysts' expectations of $161.23 million. During the same quarter in the previous year, the firm earned $1.09 EPS. As a group, analysts anticipate that SJW Group will post 2.75 EPS for the current year.

SJW Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, May 3rd. SJW Group's dividend payout ratio is presently 60.15%.

SJW Group Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.

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